WSJ (U.S. Finance)
http://online.wsj.com/article/SB124532495495527289.html

FT Financial Times (Europe Finance)
http://www.ft.com/cms/s/0/d3eafcc4-5b67-11de-be3f-00144feabdc0.html

Meanwhile, European Finance Reform, a bit of Continental Vs UK. The legal system of the UK (and US) have a different basis than Continental law, which can cause friction in the EU. Plus, the person who is the subject of this article is quite convinced certain things need to be done about hedge funds. Gives you an idea on how the subject is being grappled somewhere else.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aPJUmvTgkQtg